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Image header Agence Europe
Europe Daily Bulletin No. 12465
Contents Publication in full By article 5 / 41
EU RESPONSE TO COVID-19 / Finance

ESMA gives green light to deadlines for publication of investment fund managers' annual reports

On Thursday 9 April, the European Securities and Markets Authority (ESMA) gave the green light to additional deadlines for the publication of annual and half-yearly reports by investment fund managers in response to the COVID-19 pandemic.

In a statement, it acknowledged the difficulties encountered by fund managers in preparing reports, including the difficulty of completing audits on time due to the coronavirus crisis.

ESMA therefore calls on the competent national authorities “not to prioritise supervisory actions against these market participants in respect of the upcoming deadlines set out in the UCITS Directive, the AIFMD, the EuSEF Regulation and the EuVECA Regulation”.

If the fiscal year ended after 31 December 2019 and before 1st April, the fund managers will have two months to submit their annual reports. Those whose fiscal year ended after 1stApril and before 1st May will be given an additional month.

See the statement: https://bit.ly/3c8oqAH (Original version in French by Marion Fontana)

Contents

Time off: Easter
EU RESPONSE TO COVID-19
EMU: Eurogroup finalises package of measures valued at €500 billion to fight pandemic crisis
STATE AID: COVID-19, Commission proposes to extend scope of Temporary Framework to recapitalisation measures
STATE AID: Commission clears Austrian, Greek, Croatian, Luxembourg and Lithuanian economic support schemes for COVID-19
FINANCE: ESMA gives green light to deadlines for publication of investment fund managers' annual reports
HEALTH: ECDC and Advisory Panel on COVID-19 assess lifting of containment measures
TRANSPORT: Commission calls for establishment of a network of European ports to facilitate crew changes
CULTURE: Commission considers adapting Creative Europe’s guarantee facility
UNITED NATIONS: Borrell and Guterres agreed on need to strengthen coordination at global level for an exit strategy
SECTORAL POLICIES
FISHERIES: requirement to help sector affected by COVID-19 crisis “must not compromise fundamental ambition of CFP”, says Virginijus Sinkevičius
AGRICULTURE: European Parliament Agriculture Committee to vote on 28 April on transitional measures for CAP
DEMOCRACY: European Commission calls on EU Member States to ensure protection of “vulnerable groups”, those most exposed to health crisis
ENERGY: major oil-producing countries are trying to agree on a reduction in production
ENERGY: investing in energy efficiency is 'a natural choice' to boost economy, says IEA
CONSUMERS: ECC Belgium calls for compromise in context of COVID-19
ECONOMY - FINANCE - BUSINESS
ECONOMY: Mario Monti and Pascal Lamy call for joint issuance of public debt at EU level
ECONOMY: Oxfam calls on world leaders to agree on an 'Economic Rescue Plan For All'
FINANCE: concerns in European Parliament about draft technical standards for PRIIPS key information document
FINANCE: European Parliament study praises EU anti-money laundering body to monitor cryptoactives
EXTERNAL ACTION
SYRIA: EU condemns use of chemical weapons by Air Force
YEMEN: EU welcomes announcement of a ceasefire
EASTERN PARTNERSHIP: COVID-19, Visegrad countries will launch an extraordinary programme of support
DEVELOPMENT: COVID-19, EU’s plan to support vulnerable non-Member States rather well received
FOREIGN AFFAIRS: European Parliament Committee on Foreign Affairs to resume its work on 20 April
TRADE: provisional duties on hot rolled stainless steel sheets and coils from China, Indonesia and Taiwan
TRADE: ‘old-style’ bilateral investment treaties will continue to be negotiated, says Commission report
COUNCIL OF EUROPE
POLAND: Council of Europe called on to postpone presidential election
ECONOMY: Council of Europe Development Bank issues a social inclusion bond in response to pandemic
SOCIAL: Lanzarote Committee calls for a strengthening of protection of children during period of confinement
HUMAN RIGHTS: Committee of Ministers publishes guidelines to prevent human rights violations in development of algorithmic systems
DATA PROTECTION: PACE calls on Member States to properly frame and justify measures to trace individuals in order to contain COVID-19
NEWS BRIEFS
COUNCIL OF EUROPE: COVID-19, PACE rapporteur calls for reduction of artificial intelligence surveillance after the pandemic
COPYRIGHT: Google obliged to negotiate “in good faith” with newspaper publishers, says French competition authority
ENERGY: Benelux countries are working together to examine impact of COVID-19 on energy sector
COMPANIES: launch of ESCALAR pilot initiative to stimulate venture capital in high growth European companies
LIBYA: EU condemns bombing of medical facilities
MIGRATION: Commission cannot interfere with Rome’s decision to close its ports to migrants because of COVID-19
CIVIL PROTECTION: COVID-19, Denmark provides Italy with ventilators and a field hospital
SOCIAL: COVID-19, over 40 MEPs call for action to support disability services
CALENDAR
Main activities of European Institutions: from 13/04 to 19/04/2020
CALENDAR EXTRA
Other Events: until 19 April 2020